Commodities

Crude oil prices reversed course after an early recovery, as concerns about coronavirus restrictions combined with slowing factory activities in key markets weighed on sentiment. Brent crude futures were down 26 cents, or 0.4%, at $72.63 a barrel by 0645 GMT. US West Texas Intermediate crude fell 16 cents, or …

Gold prices fell, moving in a narrow range, as investors held off making big bets focusing on important US jobs data due later in the week, a key indicator of the US Federal Reserve’s stance on policies ahead. And gold fell in spot transactions 0.1 percent to $ 1810.92 an …

Oil prices closed lower on Monday, amid increased concerns about the pace of economic recovery from the coronavirus pandemic with the rising number of infections with the new Delta variant, especially after indicators showed slower growth in activity in the U.S. and China last month. PMI readings in the world’s …

Gold prices finished higher on Monday as the U.S. Dollar (USD) declined across the board with Treasury bond yields falling to their lowest level in about six months. The yellow metal remains supported by the mixed economic data are concerns over the spread of the novel coronavirus Delta variant. Gold …

Gold prices fell amid cautious investors awaiting the non-farm payrolls data for the month of July to be released on Friday to gauge the strength of the labor market, while the attractiveness of gold also limited the rally of stocks. And gold fell in spot transactions 0.3 percent to $ …

Oil prices fell Monday, August 2nd on concerns about the Chinese economy, after a survey showed that factory activity growth fell sharply in the world’s second-largest oil consumer, as well as heightened concerns about an increase in oil production from OPEC producers. Brent crude futures fell 74 cents, or 1%, …

Oil prices finished higher on Friday, extending their weekly and monthly increases, amid expectations for tight supply over the coming months, with a recovery in the demand in the market. Brent crude futures gained 28 cents, or 0.37%, to settle at $76.33 per barrel. The global benchmark crude front-month contract …

Gold prices declined on Friday, as the U.S. Dollar (USD) rebounded from its recent losses, but the yellow metal was able to maintain the key $1,800 level by the end of the week to register weekly gains. Front month futures closed lower by $18.60 or 1.02% at $1812.60 per ounce. …

Gold prices fell slightly during trading on Friday, but they remain near their highest levels in two weeks. With it heading to close the week with the highest rise since May 21, due to signs that the Federal Reserve is not ready to scale back its asset purchases program or …

Oil prices fell but were still on track to achieve significant weekly gains, with demand growing at a faster pace than supply, while vaccinations are expected to mitigate the impact of a new rise in Covid-19 cases around the world. Brent crude futures for September delivery, which expire on Friday, …